India’s First EV Battery Plant to Set Up in Karnataka
Handa’s plan would also get a push from India’s goal to lure manufacturers from China and Transport Minister Nitin Gadkari in March also promised a new battery policy ‘soon’.
Economy
News on Indian Economy
Megha Engineering’s First Make in India Oil Rig Begins Operation
Megha Engineering & Infrastructures Ltd (MEIL) on Wednesday said its first indigenously-made oil drilling rig has started operation at Kalol oil fields in Ahmedabad, Gujarat. The rig, which became operational on Wednesday, is part of an order worth Rs 6,000 crore for 47 drilling rigs.
Cabinet Approves PLI Scheme- ‘National Programme on High Efficiency Solar PV Modules’
The Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the Ministry of New & Renewable Energy’s proposal for implementation of the Production Linked Incentive (PLI) Scheme ‘National Programme on High Efficiency Solar PV (Photo Voltic) Modules’ for achieving manufacturing capacity of Giga Watt (GW) scale in high efficiency solar PV modules with an outlay of Rs.4,500 crore.
More than 28.68 Crore Loans for An Amount of INR 14.96 Lakh Crore Sanctioned Since the Launch of PMMY
Ministry of Finance is committed to provide financial inclusiveness and support to the marginalized and hitherto socio-economically neglected classes. Financial needs of all stakeholders ranging from the budding entrepreneurs to the hard-working farmers has also been catered to through various initiatives. A key initiative towards this is Pradhan Mantri MUDRA Yojana (PMMY), which has given wings to the dreams and aspirations of millions, along with a feeling of self-worth and independence.
Union Cabinet Approves Production Linked Incentive (PLI) Scheme for White Goods
Taking another important step towards the vision of ‘Atmanirbhar Bharat’, the Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi, approved the Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights) with a budgetary outlay of Rs. 6,238 crore.
India Attracts Over $72 Billion FDI in April-January FY21
Accordingly, the inflow rose to $72.12 billion during April to January, 2021, 15 per cent higher as compared to the first ten months of 2019-20, when it stood at $62.72 billion.
Railways Complete the Arch Closure of the Iconic Chenab Bridge, World’s Highest Railway Bridge
This achievement is a major leap towards the completion of the 111 k.m. long winding stretch from Katra to Banihal. It is arguably the biggest civil-engineering challenge faced by any railway project in India in recent history. The 5.6-metre last piece of metal was fitted at the highest point today and joined the two arms of the arch that currently stretch towards each other from both the banks of the river.
Kota Farmer Develops Mango Variety that Bears Fruits Round the Year
In 2000, he identified a mango tree in his orchard with an appreciable growth trend, dark green colored leaves. He noticed that the tree bloomed round the year. On observing these traits, he prepared five grafted mango plants using it as a scion. It took him about fifteen years to develop this variety by preserving and preparing the grafts. He noticed the grafted plants started bearing the fruits from the second year of grafting itself.
India, UAE and Israel’s Trilateral Trade Could Reach US$ 110 Billion by 2030: Top Diplomats
Ambassador, Mr. Ilan Sztulman Starosta, Head of the Israeli mission in Dubai, said “By 2030, the foreign market opportunity backed by Israeli development, the UAE’s visionary leadership, and both countries’ trading relationship with India could be worth US$ 110 billion.”
India’s Biggest Floating Solar Power Plant Coming Up in Telangana
India’s biggest floating solar power plant with a capacity of 100 megawatt is expected to become operational in Telangana next month. The project has been set up by the energy conglomerate National Thermal Power Corporation (NTPC) in the reservoir of its thermal power plant at Ramagundam, Peddapalli district.